Position Title: Senior Portfolio Accountant FLSA Status: Exempt

Position Summary: The Senior Portfolio Accountant is responsible for the full cycle of accounting and reporting for a portfolio of complex retail and mixed-use real estate investments. Act as a controller for a portfolio of properties and perform all related accounting functions associated with these properties. The position requires a dynamic accounting professional with experience in real estate financial reporting,leading small teams, training new employees, and mentoring junior staff. A successful candidate will demonstrate the ability to meet deadlines while delivering quality work in a fast-paced environment.

Major Duties and Responsibilities

  • Prepare timely, complete, and accurate monthly financial reports including calculation and posting of associated accruals, interest amortization, prepaid expenses, bank and other reconciliations, and property budget variance analysis
  • Mentor, train, and review work product of Portfolio Accountants
  • Responsible for creation of annual audited financial statements and associated footnotes for assigned properties as applicable
  • Responsible for cash management and weekly check run process while ensuring proper invoice coding
  • Prepare monthly cash flow forecasts
  • Review daily application of cash receipts and calculate monthly management fee
  • Prepare capital call, cash requests, and distributions as needed
  • Prepare required loan and escrowdraw down requests as needed for assigned portfolio
  • Responsible for proper billing and review of monthly rent up calculations and other non-revenue charges
  • Ensure financial terms of tenant leases (base rent, % rent, recoveries, etc.) are billed correctly
  • Analyze AR and work with property management team members to ensure proper reserves
  • Assist with preparation of year end budgets and monthly and quarterly reforecast for assigned portfolio
  • Review all new and existing debt agreements and calculate covenant testing to ensure debt compliance
  • Ensure compliance with all Owners’ policies and procedures for assigned portfolio
  • Assist Property Management teams with tenant account reconciliations
  • Prepare CAM/INS/RET recovery models for review by Portfolio Accounting Manager, Property Manager, and Asset Management
  • Responsible for creation of percentage rent calculation spreadsheets
  • Review new leases and lease abstracts for financial statement impact (TA, LC, TI, etc.)
  • Calculate tax and GAAP depreciation using BNA system
  • Prepare interim and year-end audit and tax work papers
  • Manage accounting functions for property loan refinancings, acquisitions and dispositions and associated proration calculations
  • Coordinate with Treasurer to set up new bank accounts
  • Ensure accurate completion of annual income and expense forms for real estate tax jurisdictionsand file personal property tax returns where applicable
  • Conduct research on GAAP technical issues and work with Portfolio Accounting Managers to ensure proper implementation
  • Ad hoc reporting for owners
  • Other related duties as assigned

Qualifications

  • An undergraduate degree in accounting or finance required
  • 3+ years relevant accounting experience, strong attention to detail and real estate experience required
  • CPA preferred
  • Experience and understanding of automated accounting systemsand AP data imaging,MRI and Nexus Payables experience a plus
  • Proficiency in MS Excel and Word required
  • Ability to work independently and desire to mentor and train new accounting team members
  • Strong interpersonal and organizational skills with the ability to multi-task and prioritize
  • Self-motivated, team-oriented, dependable, responsible, flexible and professional
  • Understanding of real estate industry and project lifecycles